Effective from today (6th February), Yorkshire Building Society is reducing rates across its mortgage range by up to 0.31%.
The changes include reductions of up to 0.31% on selected rates up to 60% loan-to-value (LTV), up to 0.18% up to 75% LTV; up to 0.20% up to 80% LTV, and as much as 0.17% up to 90% LTV.
As part of a change to allow lending on the product for those purchasing flats, the rate on the society’s £5k Deposit Mortgage has also reduced this week, to 5.69% from 5.74%.
Product highlights from the new range, include a 2-year fixed rate to 75% LTV, available for those remortgaging, at 4.39% (was 4.50%), with a £995 fee, free standard valuation and remortgage legal service, and a 2-year fix to 75% LTV, available for house purchase, at 4.56% (was 4.67%), with a £495 fee, £250 cashback and free standard valuation.
Cheryl Bleasdale, mortgage product manager for Yorkshire Building Society, said: “It always pleases us to be able to pass on added value to our customers, and market rate movements in the past week have presented us with a golden opportunity to make changes right across the range, including at the highest LTVs.
“We’re particularly glad to be able to include some best buy* products in this competitive new range.”
Rachel Springall, Finance Expert at Moneyfacts, said: “It’s fantastic to see Yorkshire Building Society lower mortgage rates across various fixed terms, including options for remortgage customers.
“As spring edges closer, there will be borrowers out there looking to refinance, and any deals with incentives could help reduce their upfront costs.”
